RTFX TraderTip >> AUD-USD Analysis - Thursday 21 October 2010

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RTFX TraderTip >> AUD-USD Analysis - 21 Oct 2010 The RF Tradertip™ is the presentation of Nostromo system that includes all the technical indicators and resumes the selected currencies pairs' situation on a daily, weekly and monthly basis. DAILY TECHNICAL ANALYSIS AUD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : common flat correction up 0.9958 Scenario for today It should be subject to more sell off towards 0.9727 or 0.9582. Corrective upward swings should face resistance around 1.0059 area. A break of 1.0035 is bullish. Key point 0.9965 Entry point 0.9777 Elliott 0.9663 Closing 0.9871 Projection 0.9958 Trendline 0.9890 Trendline 0.9822 Res 2 1.0035 Ex-High 0.9890 Res 1 0.9953 Pivot 0.9808 Sup 1 0.9727 Ex-Low 0.9664 Sup 2 0.9582 1.0001 0.9945 0.9761 0.9704   Warning: Harami WEEKLY TECHNICAL ANALYSIS AUD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : flat correction down 0.9657 Scenario for this week While below 0.9947 - 1.0007 it is more likely to fall further towards 0.9830 or 0.9772. Premature rise above 1.0007 could see it rising above 1.0122 zone. Key point 0.9914 Entry point 0.9958 Elliott 1.0003 Closing 0.9892 Projection 0.9542 Trendline 0.9781 Trendline 0.9993 Res 2 1.0122 Ex-High 1.0003 Res 1 1.0007 Pivot 0.9887 Sup 1 0.9772 Ex-Low 0.9768 Sup 2 0.9652 1.0062 0.9980 0.9715 0.9633   Warning: End of trend MONTHLY TECHNICAL ANALYSIS AUD-USD         Scenario Technical points Supports / Resistances Channels & Oscillator Elliott : elongated flat correction up 1.0040 Scenario for this month Uptrend is still intact in a triangle configuration. It should continue to rally to 0.9890 or 0.9969 if support around 0.9435 hold. After which a pullback to 0.9435 - 0.9286 zone is possible. Key point 1.0182 Entry point 0.9453 Elliott 0.8067 Closing 0.9671 Projection 1.0195 Trendline 0.9029 Trendline 0.9194 Res 2 1.0267 Ex-High 0.9733 Res 1 0.9969 Pivot 0.9435 Sup 1 0.9137 Ex-Low 0.8902 Sup 2 0.8603 1.0068 0.9868 0.9222 0.9022   Warning: End of trend - Imminent end of bullish move Visit all our analysis on http://www.rtfx.com Open a real account   |   Open a demo account

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